Perth-based CBD health and wellness start-up crowdfunding way to £1 billion market

A Perth-based CBD health and wellness business has embarked on a funding drive as it looks to bolster its product range and breadth of distribution.

To coincide with the fundraising push, the Scottish firm is launching a second brand, VoyagerLife, which will increase its range to 16 products.

Voyager is launching a crowdfunding campaign this month on Seedrs. It is thought to be the first multi-product CBD company in the UK to expand its investor base through crowdfunding.

To coincide with the fundraising push, the firm is launching a second brand, VoyagerLife, which will increase its range to 16 products. It already sells via its own website, as well as through several third parties and online marketplaces.

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The business was founded last year by Nick Tulloch, former chief executive of Zoetic International, the first CBD company listed on the London Stock Exchange.

He said: “We have ambitious plans for 2021 and beyond. The market for CBD products is growing rapidly in the UK and worldwide and, as the industry becomes subject to greater regulation, Voyager aims to become the trusted brand in this increasingly popular health and wellness market.

“Our crowdfunding campaign gives investors the opportunity to be part of our journey and participate in this very exciting industry.”

Tulloch is joined at Voyager by two other former senior members of the Zoetic team – Paul Mendell, previously chairman of Zoetic, and Eric Boyle, originally a founder of that business and who is now chairman of the Perth firm.

According to the Association for the Cannabinoid Industry, the CBD market in the UK is already bigger than the Vitamin C and D markets combined. By 2025 it is expected to be worth £1 billion.

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